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Government Budget Balance (Local Currency) in Iceland

Source: World Bank, National Statistical Office, IMF estimates. The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle
Last Updated: March 8, 2019

Government budget balance reached 20.7 in 2023 in Iceland, according to the National Statistical Office. This is 10.6% more than in the previous year.

Historically, government budget balance in Iceland reached an all time high of 51.4 in 2006 and an all time low of -162 in 2009.

Iceland has been ranked 6th within the group of 84 countries we follow in terms of government budget balance.

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